The Mozambican Cereals Institute (ICM) and GAPI have just formalized the injection of over six million meticals to finance agricultural commercialization in the country.
The injection of funds is part of a program aimed at strengthening institutional cooperation between the two institutions, in order to continue the actions recommended when the Credit Line for Agricultural Commercialization (LCCA) was created.
The line aims to grant resources to finance agricultural commercialization campaigns, as well as agro-processing activities.
The amount to be made available this year adds to the 226 million made available last year, and it is expected that nearly 600 thousand tons of cereals will be commercialized.
The director-general of the ICM, Mohamed Valá, considers that the injection of the amount is almost nothing, but understands that it is with signs like these that development is made.
“The government, politically, is putting money into the agricultural sector. There are already many projects that will be financed in April and May, at a time when many traders travel to various districts to purchase the products”, he said.
The credit line was created to prioritize the financing of agricultural marketing campaigns in regions already identified as strategic by the Mozambique Cereals Institute.
After the consolidation of this initial phase, it is expected that investments will be promoted to expand and modernize the storage capacity of marketed goods and contribute to greater and better use of storage and processing infrastructure.
The MCI materializes the Government’s agenda to support, facilitate, and ensure that farmers are able to take greater advantage of the various agricultural, food, and cash crops they produce, and benefit from trade transaction values.
The work of the ICM is based on the fact that the majority of the population lives, directly or indirectly, from agriculture, and the commercialization of its surpluses is of vital importance to have a real increase in the families’ income.
The institution wants there to be articulation and synchronization in the interventions that facilitate access to resources and means necessary for good commercialization and adding value to agricultural surpluses, towards improving the standard of living and income of the rural population.
Remember that the ICM has defined four objectives in its strategic plan that will guide the effectiveness of its activities over the next ten years, suggesting models of intervention and best practices and ensure that the actions of the public sector will stimulate agricultural production through the promotion of marketing.
